The Romanian real estate market recorded good results in the first half of 2019, with activity on office and investment segments getting more dynamic than that of some CEE peers. With the full year GDP expansion figure likely to top 4%, Romania also remains an outlier in terms of economic performance when compared to other CEE economies.
The post-millennial young people in Bucharest, belonging to the Z-generation (18-24 years), are most satisfied with their office, show the surprising results of the first study conducted by CBRE on the importance of the working environment of the office buildings for employees during 2018.
Business Review’s latest Real Estate Guide reveals that the first semester of 2017 has been a positive one for the local real estate market and the upward trend looks set to maintain for the rest of the year. Through in-depth analyses dedicated to the office, residential, commercial and industrial markets, the guide reviews the main developments on the real estate market, the players’ forecast for the remaining of 2017 as well as new trends taking shape. Business Review looks into the growing popularity of mixed-use projects on the local market and new office trends taking shape in light of shifting work patterns.
The Austrian business community sees a big growth potential on the Romanian market in the following period. Besides the investments (especially the expansion and modernization of existing enterprises), new workplaces creation are planned, according to a survey carried out by Advantage Austria, the commercial section of Austrian Embassy in Bucharest.
According to the study, financial protection is the main reason Romanians put their money in investment funds. An overwhelming share of 88 percent of investors believe that investment funds might pay higher than savings products.
Romania has recorded the strongest decrease in the number of insolvencies among countries in Central and Eastern Europe, a study by Coface reveals. The almost – 50 percent decrease was due to several favorable conditions, such as the fiscal stimuli the country benefitted from.
In 2016, 87 percent of Romanian companies say they will raise wages but 44 percent of them do not estimate an increase of more than 5 percent, according to an EY Romania study. Moreover, 81 percent of the companies participating in the study said they will increase investments in 2016.
London stays the most expensive office market in the world, followed by Hong Kong and Beijing, while Moscow is out of Top 10, being replaced by Shanghai, according to a study conducted by CBRE, which places Bucharest on the 110th position from 126 markets, four places up compared to 2014.
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